July 23, 2014 at 2:10 p.m.

I&M inks deal on municipal power (10/15/05)

Business news

Indiana Michigan Power has entered a 20-year agreement with the Indiana Municipal Power Agency to provide power to several cities.

I&M will provide power to Anderson, Columbia City, Frankton and Richmond. I&M is an operating company of American Electric Power.

“We are pleased to have signed IMPA to this long-term agreement, which shows AEP’s commitment to our traditional wholesale customers and provides IMPA with needed resources,” AEP’s senior vice president of commercial operations Brian Tierney said in a press release. “A key part of our focus is to enter into long-term contracts with wholesale customers who are interested in a long-term relationship, such as IMPA, while continuing to offer short-term power supply solutions as well.”

Once the agreement is approved by the Federal Energy Regulatory Commission, it will take effect on Jan. 1.

New employee

A local resident has joined the staff of Williamson and Spencer Funeral Homes of Portland and Pennville.

Rob A. Penrod, Portland, began working for the funeral home on Sept. 13. He is doing a one-year internship at the business, then will stay as an employee.

He graduated from Mid-America College of Funeral Service in Jeffersonville in September. He is a 2003 graduate of Jay County High School.

Penrod is the son of Todd and Joni Penrod, rural Portland.

Financial centers sold

Old National Bancorp announced this week it has sold all five of its financial centers in Clarksville, Tenn., to Greene County Bank.

With assets totaling $8.7 billion, Old National is the largest financial services holding company headquartered in Indiana. It’s the parent company of Old National Bank’s office in Portland.

Meetings set

The executive committee of the East Central Indiana Workforce Investment Board will meet from 7:30 to 9:30 a.m. on Friday, Nov. 4, in conference room A of the Muncie WorkOne Center, 201 E. Charles St., Muncie.

The youth activities committee of the East Central Indiana Workforce Investment Board will meet from 7:30 to 9 a.m. in the training room of the Muncie WorkOne Center on Tuesday, Oct. 18.[[In-content Ad]]
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